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ACTIVITY-Event Risk Management

Total questions: 6

Worksheet time: 3mins

Name
Class
Date
1.

The possibility of something good or bad might happen is called (a)   .

2.

All risk is bad

a)

true

b)

false

3.

It is the possibility of loss and the possibibility of gain.

a)

Absolute Risk

b)

Loss Risk

c)

Speculative Risk

d)

Negative RIsk

4.

Goals of Event Risk Management

(select all the appropriate answers)

a)

minimize legal and financial liabilities

b)

operate responsibly

c)

properly manage growth

d)

control potential loss

5.

A person responsible in risk assessment and monitoring is called ____.

a)

risk leader

b)

risk monitor

c)

risk manager

d)

risk assesor

6.

The following defines Event Risk Management, except

a)

It is an active effort to reduce and eliminate risks

b)

It is the process of identifying risks, assessing risks, and managing risks

c)

The application of project management to creation and development of events

d)

Purposeful recognition of and reaction to uncertainties